Acts as a loss reserve specialist in the examination of life or property/casualty insurance companies.
WWW ARS GOB CODE
Possess expert professional knowledge of actuarial science, especially with respect to the analysis of issues and matters relating to life or property/casualty insurance company operations and the calculations/valuation of reserves extensive knowledge of actuarial laws and regulations, procedures, accounting, and governing state regulations to develop new approaches in solving complex actuarial policy and tax related issues a thorough knowledge of the Internal Revenue Code, tax laws, regulations, procedures, and operations relating to insurance companies expert knowledge and understanding of the practices of actuarial consultants and insurance companies in the private sector knowledge of effective communication methods and techniques to communicate effectively both orally and in writing knowledge of pertinent laws, regulations, the Actuarial Standards of Practice promulgated by the Actuarial Standard Board, and the Code of Professional Conduct of the American Academy of Actuaries (AAA) and the Society of Actuaries (SOA) expert knowledge of Insurance and Insurance financing - life or property/casualty to analyze complex actuarial problems and issues and extensive knowledge of personal computers and spreadsheet analysis to document cases and prepare training materials.Develops text material for training manuals, position papers on complex actuarial policy issues, technical portions of regulations, and rebuttals to taxpayers' position issues that are unresolved.Travels to various sites throughout a specified geographical area, and, as a member of the examination team, conducts specific and in-depth audit work in areas commensurate to his/her expertise, serves as a consultant to examiners concerning audit approaches, studies, and research techniques relating to actuarial methods used by the taxpayer, and provides service as an expert witness in tax litigation cases involving insurance issues.Represents the Service in conferences with taxpayers, their legal representatives, representatives of the insurance industry and actuarial consultants on proposed tax issues and procedures and problems of common interest, and proposes solutions to highly technical problems that arose in connection with issues that are not adequately covered by the laws, regulations and revenue rulings.Analyzes unusually difficult and complex actuarial problems and issues involved in tax law, rulings, and court case decision in determinations of tax liability under the Internal Revenue Code in a number of areas of taxation, including valuation of complex life and property and casualty insurance reserves, considering the tax implications in acquisitions, reorganizations, and liquidations.
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The following are the duties of this position at the full working level. This opportunity is available within Enterprise Activities: Actuary Team. Large Business & International Enterprise Activities Vacancies will be filled in the following specialty areas: WHAT IS THE LARGE BUSINESS & INTERNATIONAL DIVISION?Ī description of the business units can be found at: